men's wearhouse inc/the (MW) Key Developments
The Men's Wearhouse, Inc. Elects David H. Edwab as Director
Jul 2 15
The Men's Wearhouse, Inc. elected David H. Edwab as director.
The Men's Wearhouse, Inc. Declares Quarterly Cash Dividend, Payable on September 25, 2015
Jul 2 15
Men's Wearhouse announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the company's common stock, payable on September 25, 2015 to shareholders of record at the close of business on September 15, 2015.
Men's Wearhouse Names Bruce Thorn as Executive Vice President and Chief Operating Officer
Jul 1 15
The Men's Wearhouse announced that Bruce K. Thorn, age 48, has been named executive vice president, chief operating officer, effective June 29, 2015. Prior to joining Men's Wearhouse, Thorn was employed by PetSmart, Inc. since 2007 in various positions most recently as executive vice president, store operations, services and supply chain since April 2014. Prior to joining PetSmart, Inc., he served in various leadership roles with Gap, Inc., Cintas Corporation, LESCO, Inc. and The United States Army.
The Men's Wearhouse, Inc. Provides Earnings Guidance for the Year 2015
Jun 11 15
The Men's Wearhouse, Inc. provides earnings guidance for the year 2015. For the year, the company expects annual CapEx guidance of $120 million to $130 million. The company expects EPS to be in the range of $2.70 to $2.90. While the company expects retail sales to continue to meet or exceed plans, the company now have enough visibility into full year rental business to know that it will fall short of expectations. Based on the forward reservations in system, the company now think that it will have a slight negative comp in rentals for the year. The best estimate at this time is a negative 1% to 2%. But to reiterate, the company view on EPS, retail business is showing plenty of strength to offset any shortfall in rentals, so the company remain confident in 2015 EPS guidance.
Men's Wearhouse Plan to Open 17 Macy's Stores
Jun 10 15
Men's Wearhouse announced that it will run tuxedo rental shops in 300 Macy's stores starting this fall, and will also carry a line of tailored clothing from Kenneth Cole. The company announced it will open Macy's Tuxedo Shops in 17 Macy's stores in the fall, and it expects to have all 300 locations up and running by the fall of 2016.